Thursday, February 18, 2010

Better then we deserve!

For those of you that know me, you know that Hubby and I are totally on board with Dave Ramseys way of budgeting. You can even see a link to his site to the left (your left) of this blog.
Better then we deserve is just a saying coined by DR. He has no fru fru system but it is all based off of a "0" (zero) based budget and 7 babysteps. The babystep are as follows:

Baby Step #1:
Save $1000 (married couple $500 (single) for an Emergency fund.
Baby Step #2:
Pay off all debt using the debt snowball method
Baby Step #3:
Save 3-6 months living expenses (just in case)
Baby Step #4:
Invest 15% of household income into Roth IRA's and pretax retirement
Baby Step #5:
college funding for children
Baby Step #6:
pay off home early
Baby Step #7:
build wealth and give

Now you may be thinking to yourself "this is just some scheme and yet another get rich quick idea"....I don't blame you! I thought that too. I thought this is all for people that already have money and get paid regularly. Well how do we ever find something that we feel comfortable with enough to try? Well it usually comes by word of mouth. In our case I saw my brother and his family winning with money and I wanted whatever it was he was doing!
It did take me a little bit to get hubby started but once he saw the fruitfulness he was hooked as well.
I am not here to convince you to do this method but if you are tired of living pay check to paycheck or wish you had money to do whatever you wanted with I encourage you to at least visit his site and take a look around.

We are proof that this DOES work. It takes work and stamina! It all comes down to one thing.....................

The view from this side of the fence is priceless!!!
I don't pretend to write the greatest blog but I am willing to take all your emails and questions and try to help you out and be as candid as I can about our DR journey and can't wait to see you on this side!!!


Till Later~


Amy said...

Hiya- just a SITSta pop in- enjoyed reading through your blog!

A 2 Z said...


Interesting post on how to save. I'm stuck on step#7: give. That's what I keep doing with my 2 older daughters that are in school. I think I will have to work my way up to number 1. I read your last post about living in a small place. My husband had a work contract in Qatar but I stayed behind to monitor the 2 beasts (daughters)LOL. But on occasion I would travel there to his tiny apartment. You are right, we also got closer. Well, you dont really have a choice anyway. There was also another big factor: no kids around. Aaaah, peace and quiet....I love them but its been 22 years of: gimme, gimme, I want this and that....Anyway take care! I will be back for another visit and try to understand "the money makeover" :D

AmyD said...

We absolutely love Dave Ramsey and his he quotes...“For a period of time, you can win financially and later buy whatever you want.” This is us now and I wouldnt trade it for the world!!! And we are by far not rich! I will post more later. I worked today and am pooped, what part or struggle would you like me to post about.
my next post will be about what we did first and how, so stay tuned!!!
Thanks for visiting. Be sure to follow along!~


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